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The Toronto Raptors stormed the country this year. The Raptors, the only NBA team in Canada, have won everything by winning an exciting victory over the Warriors in this year's NBA Finals. It was a good time to be a Canadian basketball fan, but it was not just the fans who took advantage of the Raptors' success. According to a report by Yahoo Sportsthe victory even caused a sharp rise in the country's economy.
The report quotes data from Statistics Canada that Canada's gross domestic product increased 0.2% in May. Most of this expansion was led by the usual suspects such as construction and manufacturing. However, the Raptors' unexpected journey to the finals of the NBA has also boosted the economy.
The economy recorded a 0.5% jump in the arts and entertainment industry and a 0.4% increase in accommodation and food services during the qualifying phase of the team.
An increase in ticket expenditures for playoffs, restaurants and bars is considered a contributing factor to the country's economic growth.
according to CBCStatistics Canada attributed this increase to "greater participation in spectator sports", and it is quite clear who is responsible for this sudden increase. What about our excellent hockey teams? Do not receive any credit for ticket prices?
Well, of course, the Leafs, Jets, and Flames have all been outmatched in this year's first playoff round. We can hardly attribute to them the increase that occurred in May when the Raptors were the last team in contention.
So there you have it! It turns out that all the defenders you hated at the finals actually helped our economy.
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